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The condensed financial statements of Pharoah Company for the years 2019 and 2020 are presented below Compute the following ratios for 2020 and 2019 ATOR
The condensed financial statements of Pharoah Company for the years 2019 and 2020 are presented below
ATOR STANDARD VX Question The condensed hinandal statements of Pharoah Company for the years 2019 and 2020 are presented below. PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents Accounts receivable (net) $330 570 640 Tnventory Prepaid expenses 130 500 570 160 1,590 380 1,670 410 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets 530 510 Total assets Current liabilities Long-term liabilities Stockholdersi equity-common Total liabilities and stockholders' equity $2,720 $920 660 1,140 $2,720 $2,590 $890 560 1,140 $2,590 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 $3,980 ||$3,640 2010 Pinandala @09 So Compute the following ratios for 2020 and 2019. (Round current ratio and Inventory turnover to 2 decimal places, c. 1. CALCULATOR STANDARD VIE decimal place, e.g. 1.8 or 12.6%. (a) Current ratio. (b) Inventory tumover. (Inventory on December 31, 2018, was $410.) (c) Profit margin Return on assets. (Assets on December 31, 2018, were $2,540.) Return on common stockholders' equity. (Equity on December 31, 2018, was $950.) Debt to assets ratio. Times interest earned. 2019 (a) Current ratio. (b) Inventory turnover. () Profit margin. (a) Return on assets. (e) Return on common stockholders' equity. ( Debt to assets ratio. (9) Times interest earned. times Click " you would like to Show Work for this question: Open Show. Work LINK TO TEXT Compute the following ratios for 2020 and 2019
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